This workshop will assist firms that practice exclusively in the non-assurance area to understand, apply, and document their System of Quality Management (“SOQM”) in accordance with the new standard CSQM 1. The participants will identify quality objectives, risks, and responses for a few of the quality objective components during the workshop by completing various workshop-developed forms that have been, in some instances, adapted from the Digitized Quality Management Guide – QMG Cloud (QMG). This course will also demonstrate the application and documentation of the monitoring and remediation process.

Non-assurance practitioners.

Participants will benefit most by having the following available during the seminar:

• Your last practice inspection report
• Your client list
• A list of your employees and/or service providers with whom you do business (e.g. for your IT support)
• Any policies or procedures you may have

• describe the requirements of CSQM 1  
• apply the requirements of CSQM 1 
• build and improve their firm’s SOQM after the workshop as a result of the hands-on experience
• achieve the documentation standards of CSQM 1
• describe alternative ways to document their SOQM

• the firm’s leadership roles and responsibilities
• the eight components of CSQM 1
• the engagement-specific quality management requirements in CSRS 4200
• the nature and circumstances of the firm and its engagements
• identifying and assessing quality risks
• developing responses for identified quality risks, including using a sample of responses adapted from the QMG
• the monitoring and remediation process, including an introduction to the development of the nature, extent and timing of monitoring activities
• assessing a deficiency as to its severity, pervasiveness and root causes and determining a remedial action 
• who can be a monitor?
• the documenting the requirement for the annual evaluation of the SOQM

Course Content Created: September 2024

Presenter

About This Product

On-Demand Courses by CPA PRO are either video recordings from live seminars, or video recordings produced specifically for the on-demand audience. Slides and any corresponding handout materials are included where available.These titles are eligible for Verifiable CPD Hours – in order to claim these hours as verifiable, you will be required to successfully complete a short quiz. You will be able to print or save your electronic certificate of completion.

Note that some courses comprise both formal instruction and self-directed exercises. In such cases, participants must complete both components to claim full CPD hours, or must reduce their reported CPD hours accordingly.

Please note that not all on-demand courses include downloadable materials such as course notes or slides.

How to get started

Upon completion of purchase, go to mylms.bccpa.ca and log in using your CPABC Online Services credentials. Click “Go to your Courses and Materials” to go to your Learning Center, then find and click on your course title.